On-Balance Volume (OBV)
Running total of signed volume: adds the bar's volume on up closes, subtracts on down closes. Rising OBV with flat price is accumulation.
On-Balance Volume (OBV)
Definition
Running total of signed volume: adds the bar's volume on up closes, subtracts on down closes. Rising OBV with flat price is accumulation.
Parameters
Asset, Interval
Output range: Unbounded (cumulative)
Example
`OBV(AAPL) > OBV(AAPL) 20 bars ago` — rising OBV confirms an uptrend
Usage notes
OBV leads price at accumulation bottoms — the line turns up while price still chops sideways.
Full indicator reference